IRS Paid $125 Million in Tax Whistleblower Awards in Fiscal Year 2012

February 14, 2013

The Wall Street Journal

In its 2012 annual report to Congress, the IRS disclosed that it paid $125.4 million in tax whistleblower awards in fiscal year 2012, which is over 20% of the $592.5 million it collected in previously unpaid taxes due to information supplied by whistleblowers. The IRS issued 128 awards during the year. The largest was $104 million, made to a former banker at UBS who provided information about how UBS helped U.S. clients cheat on their taxes. The IRS also disclosed that there are 1,126 cases presently at various stages of investigation. The full annual report is available here.